The production of wood-based panels in Belgium showed a fluctuating trend from 2013 to 2023. The actual value for 2023 stood at 1.98 million cubic meters, marking a slight decline of 1.93% from the previous year. Over the past two years, production saw a considerable drop of 7.39% in 2022, following an 11.02% increase in 2021. Analyzing the last five years, the Compound Annual Growth Rate (CAGR) was approximately 0.6%. Forecasts from 2024 to 2028 suggest a declining trend, with a forecasted CAGR of -2.05% and an overall projected decrease of 9.84% by 2028.
Future trends to watch for:
• Advances in sustainable production methods that could influence overall production volumes.
• Potential impacts of regulatory changes on production capacities and efficiency.
• The role of technological innovations in optimizing production processes.
• Economic factors influencing demand for construction and furniture, driving production needs.
